Take me to the text The income statement of Jane Corporation for the years 2012 and 2013 showed the following gross profit. 2013 2012 Sales $97,000 $70,000 Cost of Goods Sold $77,000 $50,000 Gross Profit $20,000 $20,000 a) Calculate the gross profit margins for both years. Do not enter dollar signs or commas in the input boxes. Round the gross profit margin to 2 decimal places. 2013 2012 Gross Profit Margin % % b) In which year does Jane Corporation have a better gross profit margin? Year: Check Take me to the text At the end of 2013, accounts receivable amounts to $162,000. At the beginning of the year it was $245,000. Net credit sales for the year amounted to $864,000 and net income was calculated to be $233,000. Determine the days sales outstanding ratio and the accounts receivable turnover ratio. Do not enter dollar signs or commas in the input boxes. Round your answer to 2 decimal places. Days Sales Outstanding = days Accounts Receivable Turnover = Check